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Worldwide Cloud Services Brokerage (CSB) Market Insights, 2019-2024 - Surge in Deployment of Pay-As-You-Go (PAYG) Cloud Pricing Model Spurs Market Growth

DUBLIN, July 29, 2019 /PRNewswire/ -- The "Cloud Services Brokerage Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

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The cloud services brokerage market registered a value of USD 4.9 billion in 2018 and is expected to register a CAGR of 16.6% over the forecast period 2019-2024.

The increasing security concerns regarding the data and the lack of awareness about the cloud brokerage services are some of the primary factors hindering the studied market growth.

Key Highlights


  • The global cloud service brokerage market is estimated to grow significantly over the forecast period, owing to exponentially increasing adoption of cloud service among various end-user industries coupled with the surge in deployment of Pay-as-you-go (PAYG) cloud pricing model.
  • With an increased demand for Infrastructure-as-a-Service (IaaS), Software-as-a-Service (SaaS) and Platform as a Service (PaaS), pay as you go pricing model is also witnessing a surge in demand, as it is enhancing the above-mentioned platform's performance by reducing the billing complexity.
  • However, the increasing security concerns regarding the data and the lack of awareness about the cloud brokerage services are some of the primary factors hindering the studied market growth.

Major Market Trends

Internal Cloud Services Brokerage Expected to Hold the Major Share

  • A CSB can bundle all the cloud services into a single bill, where the customers can manage cloud service provider bills for various infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS) platforms by using CSB.
  • Internal CSB provides a unified multi-cloud/SaaS governance, security, compliance, license management, and support, spend management and overall user experience to employees. It provides both centralized resources to both public and private cloud services' users.
  • For optimal result, CSB must be part of the company's cloud equation. Otherwise, the benefits of moving services outside the organization may very well be hampered by the internal mess. It caters through the installed cloud workload thereby across different cloud services among IaaS, PaaS, SaaS.

Asia-Pacific Expected to Have the Fastest Growth Rate

  • Asia-Pacific is the fastest growing region in the studied market, owing to the exponential growth of cloud services adoption among all forms of business.
  • By implementing initiatives to build more business confidence across the cloud, local governments are playing a significant role in the development of cloud integration services market across the Asia-Pacific region. The region is also the fastest growing area for data centers in the world, currently.

Competitive Landscape

The cloud services brokerage market is moderately competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with the innovation across the cloud segment, most of the companies are increasing their market presence thereby expanding their business footprint across new markets.

Noteworthy Developments

  • March 2018 - Access to IBM Cloud services is available via IBM Cloud Direct Link, a network service designed to enable security-rich and accelerated data transfer between private infrastructure and public cloud, which is now co-located in Interxion's Frankfurt and Stockholm facilities
  • Jan 2018 - DXC Digital Directions series, authored by the company's global technology leaders, explores digital opportunities for enterprises to gain actionable, data-driven insights; drive better customer experiences; increase employee performance; and deliver better business outcomes.

Key Topics Covered

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers & Restraints
4.3 Market Drivers
4.3.1 Increasing Adoption of Hybrid & Multi-cloud Environment
4.3.2 Increasing Adoption of Cloud Computing Services
4.4 Market Restraints
4.4.1 Lack of Awareness & Security Concerns
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Platform
5.1.1 Internal Cloud Services Brokerage
5.1.2 External Cloud Services Brokerage
5.2 By Deployment Model
5.2.1 Public
5.2.2 Private
5.2.3 Hybrid
5.3 By Enterprise
5.3.1 Small and Medium Enterprise (SME)
5.3.2 Large Enterprise
5.4 By End-user Industry
5.4.1 IT & Telecom
5.4.2 BFSI
5.4.3 Retail
5.4.4 Healthcare
5.4.5 Government
5.4.6 Manufacturing
5.4.7 Other End-user Industries
5.5 Geography
5.5.1 North America
5.5.1.1 US
5.5.1.2 Canada
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 UK
5.5.2.3 France
5.5.2.4 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 Japan
5.5.3.3 India
5.5.3.4 Rest of Asia-Pacific
5.5.4 Latin America
5.5.4.1 Mexico
5.5.4.2 Brazil
5.5.4.3 Argentina
5.5.4.4 Rest of Latin America
5.5.5 Middle East & Africa
5.5.5.1 UAE
5.5.5.2 Saudi Arabia
5.5.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Accenture PLC
6.1.2 Capgemini SE
6.1.3 NEC Corporation
6.1.4 DXC Technology Company
6.1.5 Rightscale Inc.
6.1.6 Wipro Limited
6.1.7 IBM Corporation
6.1.8 NTT Data Inc.
6.1.9 Cognizant Technology Solutions Corp.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/gplui1

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